Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
Xifu Gold Wedding Jewellery Design Competition
Hong Kong: Jewellery design talents worldwide are invited to join the inaugural Xifu International Gold Wedding Jewellery Design Competition, which offers a 1kg gold bar as grand prize. Organised by JNA & CJNA of UBM Asia, the World Gold Council and the People’s Government of Yantian District, Shenzhen, the competition opens for entries on 1 March 2017. The biennial competition
De Beers’ Profits Shoot Up-Revenue Also Increases
Gaborone: De Beers’ revenue and profits – reported as part of Anglo American’s preliminary financial results for 2016 announced yesterday – both showed an upward swing. De Beers’ total revenue for 2016 reached US$ 6.1 billion, marking a 30% increase over 2015 revenue of US$ 4.7 billion. Its underlying earnings, or profits, for the period, however, shot up by 158.52%
India’s Diamond Trade Continues to Recover
Mumbai: Diamond trading in India improved in January, according to official data, as the country’s manufacturing sector continues to recover from a liquidity squeeze in the final months of last year. Imports of rough diamonds, an indicator of demand from India’s large cutting-and-polishing sector, jumped 28 percent to $1.26 billion during the month, according to the Gem & Jewellery Export
IDCA Honors Industry Figures
New York: The Indian Diamond & Colorstone Association (IDCA), New York, hosted its grand gala event during the AGTA Tucson Gem Show on February 2 at the Marriott University Park Hotel. IDCA President Ashok Sancheti opened the evening with a welcome address. Gemfields, PLC, was honored with the prestigious “Excellence in Colorstone – Mining to Marketing” Award. Accepting the award,
Xifu Gold Wedding Jewellery Design Competition
Hong Kong: Jewellery design talents worldwide are invited to join the inaugural Xifu International Gold Wedding Jewellery Design Competition, which offers a 1kg gold bar as grand prize. Organised by JNA & CJNA of UBM Asia, the World Gold Council and the People’s Government of Yantian District, Shenzhen, the competition opens for entries on 1 March 2017. The biennial competition
De Beers’ Profits Shoot Up-Revenue Also Increases
Gaborone: De Beers’ revenue and profits – reported as part of Anglo American’s preliminary financial results for 2016 announced yesterday – both showed an upward swing. De Beers’ total revenue for 2016 reached US$ 6.1 billion, marking a 30% increase over 2015 revenue of US$ 4.7 billion. Its underlying earnings, or profits, for the period, however, shot up by 158.52%
India’s Diamond Trade Continues to Recover
Mumbai: Diamond trading in India improved in January, according to official data, as the country’s manufacturing sector continues to recover from a liquidity squeeze in the final months of last year. Imports of rough diamonds, an indicator of demand from India’s large cutting-and-polishing sector, jumped 28 percent to $1.26 billion during the month, according to the Gem & Jewellery Export
IDCA Honors Industry Figures
New York: The Indian Diamond & Colorstone Association (IDCA), New York, hosted its grand gala event during the AGTA Tucson Gem Show on February 2 at the Marriott University Park Hotel. IDCA President Ashok Sancheti opened the evening with a welcome address. Gemfields, PLC, was honored with the prestigious “Excellence in Colorstone – Mining to Marketing” Award. Accepting the award,
